SAN DIEGO, CA–(Marketwired – Aug 25, 2015) – IFAN Financial, Inc. – (OTC PINK: IFAN), (“IFAN” or “the Company”), a designer, developer, and distributor of software to enable mobile payments, today announced that it has retained Maxim Group LLC (“Maxim”), a leading investment banking, securities and investment management firm, to provide strategic corporate planning and investment banking services. Maxim will focus on assisting IFAN Financial in its overall strategy for maximizing shareholder value through its full scope of investment banking services.
J. Christopher Mizer, President and Chief Executive Officer of IFAN Financial, said, “As IFAN enters its next phase of growth, we are pleased to have engaged Maxim to provide the Company with strategic advisory and investment banking services. We believe that our relationship with Maxim will help expedite our growth plans, including the further commercialization of the IFAN Financial platform, enabling us to become a significant player in the rapidly growing mobile payments industry. IFAN’s management and board of directors looks forward to working closely with Maxim, who represents a strong partner and advisor in the execution of our strategy to enhance corporate and shareholder value.”
Karl Brenza, Head of Maxim Group’s Capital Growth Advisory Team, commented, “We are delighted to partner with IFAN Financial in the financial and value creation components of its corporate strategy through our full-service investment banking capabilities. We are looking forward to working with IFAN Financial to assist with strategic planning, developing strategic partnerships, advising on potential acquisitions and introducing the company to the investment community.”
About Maxim Group LLC
Maxim Group LLC is a leading full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed income and derivative sales & trading, equity research and prime brokerage services to a diverse range of corporate clients, institutional investors and high net worth individuals. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (MSRB), and is a member of the following: Financial Industry Regulatory Authority (FINRA), Securities Insurance Protection Corporation (SIPC), NASDAQ Stock Market and NYSE Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com.
About IFAN Financial, Inc
IFAN Financial, Inc. and its wholly owned subsidiaries design, develop, and distribute software to enable mobile payments. These include the ability to use a debit card and corresponding PIN number while purchasing online on a mobile phone, tablet, or computer and peer-to-peer cash transfers. For more information, visit www.ifanfinancial.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Litigation Reform Act of 1995, which are subject to risks and uncertainties and may change at any time. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding the Company’s ability to obtain adequate financing on a timely basis including financing for specific projects, (ii) the financial and operating performance of the Company’s projects after commissioning, (iii) uncertainties regarding the market for and value of carbon credits and other environmental attributes, (iv) political and governmental risks associated with the countries in which the Company operates, (v) unanticipated delays associated with project implementation including designing, constructing and equipping projects, as well as delays in obtaining required government permits and approvals, (vi) the development stage of the Company’s business, (vii) its lack of operating history and (viii) the financial, technological, and regulatory uncertainties relating to developing, constructing and completing to operational status, a biogas generation facility such as the Project. As such, there is no assurance that the initiatives described in the press release will be successfully implemented or meet expectations.